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Superabsorbent Polymers Market Outlook
Stringent regulatory framework and extreme volatility in raw material prices are expected to pose as some of the imposing challenges in the current superabsorbent polymers market. The non-biodegradable aspect of this product will subject this market with stricter regulations which will increase procurement complexities and drive the superabsorbent polymers price trends to a significant extent. Meanwhile, volatility in raw material prices will propel supplier's OPEX which will inhibit buyers from attaining stability in their pricing strategies in the superabsorbent polymers. These factors will have a cumulative negative impact on the superabsorbent polymers market spend growth which is expected to touch a value of more than USD 2 billion. Based on types, the increase in the use of polyacrylamide in the oil and gas industry to improve oil recovery and as flocculants and coagulants to treat municipal and industrial wastewater will contribute to this spend growth in the coming years.
According to the superabsorbent polymers price trends, the substantial increase in supplier's OPEX will continue accelerating buyer's procurement spend in the superabsorbent polymers market. Logistics costs and dynamism in the prices of raw materials such as naphtha and caustic soda are some of the chief accelerators of supplier's OPEX.
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Top 2 Criteria for a Strategic Engagement with Superabsorbent Polymers Suppliers
The key to address the predicted increase in buyer's procurement expenditure in the superabsorbent polymers market is a strategic engagement with suppliers who will be equally responsible in aiding the buyers in achieving cost-effective and stable category management.
Engage in a global sourcing model while partnering with superabsorbent polymers suppliers
Particularly relevant for large buyers who have manufacturing facilities spread across the globe, engagement in the global sourcing model will facilitate ease in managing the quality of the products and management of long supply chains. Other key benefits include minimal logistics costs and assurance of compliance with global safety standards due to centralized decisions.
Comprehensive information on performance characteristics
In the superabsorbent polymers market, it is prudent to engage with suppliers who can offer holistic support and assistance in selecting the right product type by providing comprehensive information on the product and its performance aspects such as particle size, hydrolysis rate, moisture content, absorbency, and retention capacity. This is important as different characteristics are required for different applications. For instance, particle size and absorbency rate of SAPs need to be greater in products used in baby diapers than those used in sanitary napkins.
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The concentration of some of the prominent raw materials producers and deepening focus on R&D activities to improve product quality are some of the major factors that will drive the spend growth of the superabsorbent polymers market across regions.
Superabsorbent polymers suppliers are implementing technological advances in their offerings which is increasing their acceptability among buyers in the US. Most of the suppliers in the US have their production centers within the country which enable them to purchase raw materials such as acrylic acid from crude oil refineries at a low cost. While this reduces their overall production cost, this also relaxes the procurement spend of buyers which ultimately contributes to the demand growth in the superabsorbent polymers market.
The presence of the prominent chemical manufacturers within the geography makes it convenient for superabsorbent polymers suppliers to procure raw materials at lower prices and at regular intervals. This will help reduce SAPs' supply disruptions that may occur due to the lack of availability of raw materials or misplacement of raw materials during transit.
Insights Offered in this Superabsorbent Polymers Market Report
SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.